Advantages to Short Sale
For A Buyer
- The biggest advantage to buyers is the prospect of moving into a new home at a significant discount.
For A Seller
- With a short sale, sellers avoid having to go through a lengthy forclosure process and prevent the impact of a foreclosure on their credit score. In a short sale, the seller and the lender work together to determine the details of the agreement, but typically sellers who complete a short sale also avoid owing the balance of the loan.
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